The foundation was named after longtime ASCA member Raymond Goldstone. Mr. Goldstone donated the start-up funds for the Association of Student Judicial Affairs (now know as Association for Student Conduct Administration). The purpose of the Raymond Goldstone ASCA Foundation is exclusively charitable. Donations to the foundation help provide scholarships and opportunities for professionals and graduate students to receive high-quality training at ASCA programs i.e. the Gehring Academy, ASCA Annual Conference along with funds for major keynote speakers and activities.